Latest in Highlight
Norwegian firm beats Malaysian, American and Dutch companies to win international tender
Ministry of Petroleum gives priority to fertiliser factories that sell on local markets
Companies refusing to comply with ministry’s domestic fertiliser quotas
By Ahmed Tolba A meeting will be held in the coming days between officials from the ministries of Oil, Finance, and Electricity to agree on a solution to issues threatening the implementation of agreements to import liquefied natural gas in order to meet Egyptian power stations’ needs for fuel. An official from gas holding company …
Company recently won bids for 2 Nile Delta concessions
Although there will be a $2bn in debts to foreign partners by year end, ministry has paid back $11.2bn to foreign companies during FY 2013/2014
Fall in exports is due to a decrease in cultivated area
Egypt has ceased exporting gas to Jordan several times this year due to the tense situation in Sinai and multiple explosions on the export pipeline
EGAS seeks to encourage foreign partners to produce gas from Egyptian fields, company official said.
Debts owed to Egyptian gas holding company EGAS for quantities of gas obtained by the industrial sector reached EGP 16bn by the end of July, according to a senior company official. Factories were notified in February that gas supplies will be cut in the event of non-payment of debts, but no significant measures have been …
Fuel station deficit worth 6m cubic metres of gas and equivalent daily
Recent fuel price rise may provide incentive for investments in exploration in Egypt
Holding Company for Cotton Spinning and Weaving has debts exceeding EGP 1bn, aims to push growth rate to 70% during the current fiscal year
Delayed payment of debts to foreign partners threatens Egyptian gas production, says report
Delegation from Algerian firm set to arrive in mid-July to conclude proceedings
The Ministry of Petroleum is looking to increase domestic natural gas usage to ration butane consumption, which makes up a large portion of subsidies on petroleum products.
Production rates will not exceed 4.9bn cubic feet of gas until the end of this year, reflecting the continuing decline in the productivity of wells and small projects connected to the production line
MOPCO, AlexFert, and EBIC were among the affected firms, while Methanex’s Damietta plant has not received gas in over two weeks
70% of Egypt’s gas production pumped to power stations through Ramadan, senior official says
The gas company cut 300m cubic feet of gas per day from cement factory consumption, from its estimated daily rate of 430m cubic feet.
130m square feet of gas to be linked to national gas grid in September 2014
The tender will be awarded before the end of the year for the gas supply to begin in January 2015.
Daily production decline of 150m cubic feet of gas in Egypt, shortage of 11m metres of gas and equivalent for fuel needed for electricity
This means that citizens who use gas lines connected to their place of residence to run on electric generators can face legal repercussions under criminal law.
Egypt looking to secure gas supply during the coming years to keep its power plants running
Egypt’s opportunities for importing liquefied natural gas have increased as a result of US sanctions on Russia
12 shipments of liquefied gas represent only 3% of one day summer’s consumption
Reuters – Egypt has appointed Khaled Abdel Badie as chairman of state-run Egyptian Natural Gas Holding Company (EGAS), the oil ministry said on Wednesday, as the country grapples with a looming energy crunch. Badie, the vice-chairman of EGAS, replaces Taher Abdelrahman. The statement, which announced a number of changes in the leadership of state energy …
Sources revealed that EGAS negotiated with Shell and other companies to import between 500 and 750 million ft3of gas per day to cover the electricity power stations’ needs.
The most recent statistics coming from the Egyptian General Petroleum Company show that the number of private and public registered fuel stations throughout the country totaled 2,700 by the end of 2011.